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X > NW Asessment Player Us App X The following Shareholders' Eq. X + ent-player/index.html?launchid=9db1d483-d2d2.4831-8082-8414db144734/question/2 Wie, PLUS Question 3 of 3 > -/18 View Policies Current Attempt in Progress The following shareholders equity accounts are reported by Ivanhoe Inc on January 1: Common shares (unlimited authorized 139.500 issued) $2.232.000 Preferred shares ($A cumulative, convertible, 100,000 authorized, 4,300 issued) 322.500 Contributed surplus-reacquisition of common shares 28.600 Retained earnings 1,253,000 The following selected transactions occurred during the year: Feb 11 Issued 46,500 common shares at $20 per share Mar. 2 Reacquired 18.800 common shares at $22 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at $30 per share. July 25 Reacquired 310 preferred shares at 570 per share. Sept. 16 Reacquired 46.500 common shares for 517 per share. Oct. 27 Declared a common stock dividend distributable on December 13 to shareholders of record on November 24. The fair value of the common shares on October 27 was $19 per share Dec 13 Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 per share Prepare journal entries for the transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. I no entry is required, select "No Entry for the account title and enter for the amounts Record journal entries in the ASUS deschtml launchid=9db10453-d2d24831-8082-411441 PLUS /18 Question 3 of 3 Prepare journal entries for the transactions. (Creditoccount titles are automatically indented when the amount is entered. Do not Indent manually. I no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. Round average per share to 2 decimal places, s. 1525 and final answer to decimal places, 5,2763 Date Credit Debit Account Titles and Explanation Feb 11 Cash 330.000 930 Common Shares Ossued common shares for cash) Mar 2 Como Shares 376.000 Contrond Surplus Recobion of Common Share 28.600 Red Carvings 9.000 Can 413 To record reacquisition of common shares way as Prabanod Share 2350 Ruined car Cath 21 to mocond reaction of preferredsresa 205350 Fada 3955 G 3 adex.html?launchid-9db1d483-d2d2-4831-3042-1414db 1447348/question/2 TUS -/18 Question 3 of 3 790 Cash To record reacquisition of common shares) O: 27 Stock Dividendi Stock Dividends To record dedaration of stock dividend Dec 13 Stock Dividents Como Shares To record distribution of stock dividend) e Textbook and Media List of Accounts Show how each class of shares will be presented in the shareholders equity section of the balance sheet at December 31 Ivanhoe Inc. Partial Balance Sheet Shareholders equity 31 e G 3 SELE
